Question 1

What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?

Accepted Answer

The 0/100 rule and the 50/50 rule are bo

Question 2

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

Accepted Answer

A)  $65,500 
B)  $69,550 
C)  $71,100 
D)  $76,125 
A)  $65,500 
B)  $69,550 
C)  $71,100 
D)  $76,125

Question 3

A tracking Gantt chart:

Accepted Answer

A)  monitors costs and budget expenditures. 
B)  identifies key points in the project's progress. 
C)  identifies the stage of completion for each task. 
D)  identifies the performance to budget for the overall project by a certain date. 
A)  monitors costs and budget expenditures. 
B)  identifies key points in the project's progress. 
C)  identifies the stage of completion for each task. 
D)  identifies the performance to budget for the overall project by a certain date.

Question 4

Use the S-curve to choose the best statement about the project it describes. The horizontal axis is in weeks.

Accepted Answer

A)  More time passes from weeks 5 to 10 than from weeks 20 to 25. 
B)  More time passes from $50,000 to $60,000 than from $5,000 to $10,000. 
C)  More money is spent from weeks 0 to 10 than from weeks 30 to 40. 
D)  The total amount spent on the project at the end of the 40th week is approximately $110,000. 
A)  More time passes from weeks 5 to 10 than from weeks 20 to 25. 
B)  More time passes from $50,000 to $60,000 than from $5,000 to $10,000. 
C)  More money is spent from weeks 0 to 10 than from weeks 30 to 40. 
D)  The total amount spent on the project at the end of the 40th week is approximately $110,000.

Question 5

Use the earned value table for Project Terrace to determine their schedule variance if all dollar amounts are in hundreds.

Accepted Answer

A)  $100 
B)  $120 
C)  $1,200 
D)  $200 
A)  $100 
B)  $120 
C)  $1,200 
D)  $200

Question 6

You are the new consultant to the project manager for a large chicken project. During your first meeting with the project manager he brings you up to speed on the project status by showing you these S-curves. You glance at the graph, compose your thoughts, and make what comments on this project?

Accepted Answer

The solid line, representing the cumulat

Question 7

Each activity contained a series of milestones that represented a previously agreed-upon amount of work. Once the low graffiti was erased, 35% of the activity had been completed and once the mid-level graffiti was erased, 70% of the activity had been completed. This project manager was clearly in the:

Accepted Answer

A)  percentage complete camp. 
B)  micromanagement camp. 
C)  35/70 camp. 
D)  3K specifications camp. 
A)  percentage complete camp. 
B)  micromanagement camp. 
C)  35/70 camp. 
D)  3K specifications camp.

Question 8

How does a tracking Gantt chart's appearance differ from a standard Gantt chart?

Accepted Answer

A)  The tracking Gantt chart has a plot against time on the X1 axis and shows progress against budget on the X2 axis. 
B)  The tracking Gantt chart is composed of dollar signs that show the relative expense of the activity in comparison with other activities. 
C)  Each bar in the tracking Gantt chart shows who is responsible for completion of the activity in question. 
D)  Each bar in the tracking Gantt chart varies from 100% solid if the activity is completed to 100% alternative pattern if the activity has not begun. 
A)  The tracking Gantt chart has a plot against time on the X1 axis and shows progress against budget on the X2 axis. 
B)  The tracking Gantt chart is composed of dollar signs that show the relative expense of the activity in comparison with other activities. 
C)  Each bar in the tracking Gantt chart shows who is responsible for completion of the activity in question. 
D)  Each bar in the tracking Gantt chart varies from 100% solid if the activity is completed to 100% alternative pattern if the activity has not begun.

Question 9

Funding problems are a key success inhibitor in the:

Accepted Answer

A)  build-up phase. 
B)  close-out phase. 
C)  main phase. 
D)  formation phase. 
A)  build-up phase. 
B)  close-out phase. 
C)  main phase. 
D)  formation phase.

Question 10

At the end of week 10, this project has cost $9,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

Accepted Answer

A)  2.5 
B)  2.1 
C)  1.8 
D)  1.5 
A)  2.5 
B)  2.1 
C)  1.8 
D)  1.5

Question 11

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

Accepted Answer

A)  a metric system. 
B)  goal-performance linkage. 
C)  five degrees of separation. 
D)  gap analysis. 
A)  a metric system. 
B)  goal-performance linkage. 
C)  five degrees of separation. 
D)  gap analysis.

Question 12

The earned value divided by the actual, cumulative cost of the work to date is the:

Accepted Answer

A)  cost performance index. 
B)  budgeted cost at completion index. 
C)  budget efficiency index. 
D)  schedule performance index. 
A)  cost performance index. 
B)  budgeted cost at completion index. 
C)  budget efficiency index. 
D)  schedule performance index.

Question 13

The data collected from the various evaluation and control techniques represents important __________ measures of the project.

Accepted Answer

The answer of The data collected from the various evaluation...

Question 14

Earned value management is also known as:

Accepted Answer

A)  the golden triangle method (GTM). 
B)  the achieved value method (AVM). 
C)  the program evaluation and review method (PERM). 
D)  earned value analysis (EV
A) . 
A)  the golden triangle method (GTM). 
B)  the achieved value method (AVM). 
C)  the program evaluation and review method (PERM). 
D)  earned value analysis (EV
A) .

Question 15

Use the data to calculate the schedule performance index for the project for the end of week 20. All amounts are in thousands of dollars.

Accepted Answer

A)  1.14 
B)  0.88 
C)  0.94 
D)  0.81 
A)  1.14 
B)  0.88 
C)  0.94 
D)  0.81

Question 16

The project implementation profile assesses the performance of the project team with respect to 10 critical success factors and can be used on an on-going project.

Accepted Answer

A) True 
 B)False

Question 17

The budgeted cost of the work that has been performed to date is the __________.

Accepted Answer

The answer of The budgeted cost of the work that...

Question 18

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the best statement.

Accepted Answer

A)  The project is further ahead of budget from weeks 36 through 40 than from weeks 8 through 12. 
B)  The project never experiences negative variance. 
C)  The project is further behind budget from weeks 0 through 16 than from 24 through 40. 
D)  The project is in a constant state of positive variance. 
A)  The project is further ahead of budget from weeks 36 through 40 than from weeks 8 through 12. 
B)  The project never experiences negative variance. 
C)  The project is further behind budget from weeks 0 through 16 than from 24 through 40. 
D)  The project is in a constant state of positive variance.

Question 19

A project manager that uses milestones as a project control device is using a(n):

Accepted Answer

A)  proactive control system. 
B)  predictive control system. 
C)  feedback control system. 
D)  reactive control system. 
A)  proactive control system. 
B)  predictive control system. 
C)  feedback control system. 
D)  reactive control system.

Question 20

In earned value management, schedule variance is defined as:

Accepted Answer

A)  the difference between the earned value and the actual cost. 
B)  the difference between the earned value and the planned value. 
C)  the difference between the actual cost and the planned value. 
D)  the difference between the cost and schedule performance indices multiplied by the budgeted cost at completion. 
A)  the difference between the earned value and the actual cost. 
B)  the difference between the earned value and the planned value. 
C)  the difference between the actual cost and the planned value. 
D)  the difference between the cost and schedule performance indices multiplied by the budgeted cost at completion.

What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

A tracking Gantt chart:

Use the S-curve to choose the best statement about the project it describes. The horizontal axis is in weeks.

Use the earned value table for Project Terrace to determine their schedule variance if all dollar amounts are in hundreds.

You are the new consultant to the project manager for a large chicken project. During your first meeting with the project manager he brings you up to speed on the project status by showing you these S-curves. You glance at the graph, compose your thoughts, and make what comments on this project?

How does a tracking Gantt chart's appearance differ from a standard Gantt chart?

Funding problems are a key success inhibitor in the:

At the end of week 10, this project has cost $9,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

The earned value divided by the actual, cumulative cost of the work to date is the:

The data collected from the various evaluation and control techniques represents important __________ measures of the project.

Earned value management is also known as:

Use the data to calculate the schedule performance index for the project for the end of week 20. All amounts are in thousands of dollars.

The project implementation profile assesses the performance of the project team with respect to 10 critical success factors and can be used on an on-going project.

The budgeted cost of the work that has been performed to date is the __________.

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the best statement.

A project manager that uses milestones as a project control device is using a(n):

In earned value management, schedule variance is defined as:

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Critical Chain Project Scheduling

Resource Management

Project Closeout and Termination

Filters

Exam 13: Project Evaluation and Control

What is the significance of the 0/100 rule and the 50/50 rule and why would each be used?

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

A tracking Gantt chart:

Use the S-curve to choose the best statement about the project it describes. The horizontal axis is in weeks.

Use the earned value table for Project Terrace to determine their schedule variance if all dollar amounts are in hundreds.

You are the new consultant to the project manager for a large chicken project. During your first meeting with the project manager he brings you up to speed on the project status by showing you these S-curves. You glance at the graph, compose your thoughts, and make what comments on this project?

How does a tracking Gantt chart's appearance differ from a standard Gantt chart?

Funding problems are a key success inhibitor in the:

At the end of week 10, this project has cost $9,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

The earned value divided by the actual, cumulative cost of the work to date is the:

The data collected from the various evaluation and control techniques represents important __________ measures of the project.

Earned value management is also known as:

Use the data to calculate the schedule performance index for the project for the end of week 20. All amounts are in thousands of dollars.

The project implementation profile assesses the performance of the project team with respect to 10 critical success factors and can be used on an on-going project.

The budgeted cost of the work that has been performed to date is the __________.

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the best statement.

A project manager that uses milestones as a project control device is using a(n):

In earned value management, schedule variance is defined as:

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Critical Chain Project Scheduling

Resource Management

Project Closeout and Termination

Filters